Discover and read the best of Twitter Threads about #WEO

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The #IMF says the "Great Lockdown" recession will likely be the worst since the Great Depression. Global economy projected to shrink by 3% in 2020. By contrast, in January, the IMF had forecast a global GDP expansion of 3.3% for this year. Details in chart below. Table: @IMFNews
IMF: Partial global rebound to 5.8% in 2021 “assumes the #pandemic fades in the 2nd half of 2020, & that policy actions taken by countries are effective in preventing widespread firm bankruptcies, extended job losses, & system-wide financial strains.” #WEO
How does your country fare in the latest #IMF projections for 2020 & 2021?… @IMFNews #economies #GDP #finance
Read 21 tweets
Solar PV stirs strong opinions in many, including on #WEO19. A thread.

Myth 1: #WEO forecasts flat solar additions.
-False. Depending on the scenario, annual PV additions in #WEO19 grow by 110% (STEPS) or 210% (SDS)
Myth 2: #WEO underestimates renewables growth.
-False. Additions of renewables lead all sources in all scenarios. Track back and China’s policy changes accelerated global growth. Unfortunately, in the rest of the world, renewables are behind (!) the STEPS equivalent from WEO2009
Myth 3: #WEO uses outdated costs and holds them constant.
-False. #WEO19 incorporates the latest historical data on renewable energy costs collected and published by @IRENA. Endogenous learning for solar PV is at 20% per doubling of cumulative capacity.
Read 5 tweets

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